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[Music] hi my name is heather culver and im an analyst here at top shelf models today well be discussing expense recoveries and ill be walking you through how theyre inputted into our retail non-argus development model expense recoveries are the amount of money that a landlord is reimbursed by tenants to cover operating expenses at a property within non-residential real estate such as retailer office buildings tenants sign leases with agreements that specify a base rent plus additional expenses these additional expenses vary but they are most commonly operating expenses like cam charges utilities insurance and taxes that the landlord passes on to its tenant and subsequently recovers by generating an invoice to the tenant for their pro rata share in order to calculate expense recoveries the landlord estimates annual recovery costs and allocates them between the tenants based on the tenants occupied area in order to input the expense recoveries we start on our rent roll tab in all o